Tag: AfDB

Family Bank
BankingBusiness

Family Bank lands $10 million AfDB facility to support Kenya’s SMEs

Family Bank AfDB facility gives Kenya SMEs more trade finance for imports, manufacturing, agriculture, health care and renewable energy.

Timilehin Adejumobi Timilehin Adejumobi
AFDB
BusinessHot News

AfDB backs Senegal with $35 million to improve public finance management

AfDB Senegal Public Finance Reform gets $35M to boost fiscal reforms, budget transparency and strengthen economic resilience.

Timilehin Adejumobi Timilehin Adejumobi
Standard Bank Office
BusinessHot News

South Africa secures $332 million AfDB, Standard Bank SME financing deal

South Africa SME financing deal unlocks $332M from AfDB and Standard Bank to boost SMEs, jobs and women-led businesses.

Timilehin Adejumobi Timilehin Adejumobi
AfDB backs Morocco battery gigafactory with $114 million loan
BusinessHot News

AfDB backs Morocco battery gigafactory with $114 million loan

AfDB approves a $114 million loan for Morocco's first EV battery gigafactory, boosting Africa's electric vehicle supply chain and exports to Europe.

Oluwatosin Alao Oluwatosin Alao
AfDB approves $234 million loan to expand Morocco’s rail network
BusinessHot News

AfDB approves $234 million loan to expand Morocco’s rail network

AfDB approves a $234 million loan to expand Morocco's high-speed rail network, boosting trade, freight capacity and regional connectivity.

Oluwatosin Alao Oluwatosin Alao
AfDB
BusinessHot News

AfDB’s arm approves $9 million grant to boost East Africa financial integration

AfDB’s concessional arm approves $9 million to deepen East Africa financial integration, boosting markets, payments and cross-border investment.

Feyisayo Ajayi Feyisayo Ajayi
AfDB
BusinessHot News

Zambia shifts debt burden into energy investment with AfDB support

Zambia is using AfDB-backed debt relief to fund grid upgrades and strengthen long-term energy security.

Oluwatosin Alao Oluwatosin Alao
Kenya's President William Ruto.
Hot NewsBusiness

Kenya overtakes Nigeria as AfDB’s third-largest borrower amid debt push

Kenya overtakes Nigeria as AfDB’s third-largest borrower as disbursements rise to $338 million in 2025 amid growing debt pressures.

Omokolade Ajayi Omokolade Ajayi
$650 million AfDB boost puts Uganda Rail project back on track
BusinessGlobal News

$650 million AfDB boost puts Uganda Rail project back on track

AfDB backs Uganda’s $650 million railway project, reviving Malaba-Kampala SGR to boost trade and regional connectivity.

Oluwatosin Alao Oluwatosin Alao
Eurobond
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Zambia to buy back 2053 bond with $600 million AFDB loan

Zambia moves to repurchase $1.36bn 2053 eurobond using $600m AfDB loan to streamline debt and reopen global market access.

Timilehin Adejumobi Timilehin Adejumobi
Ethiopian Airlines
Hot NewsBusiness

AfDB backs billion-dollar aviation push as Africa becomes fastest-growing market

AfDB launches billion-dollar program to boost Africa’s aviation and attract long-term investment.

Omokolade Ajayi Omokolade Ajayi
AfDB
BusinessHot News

AfDB approves $60 million trade facility for Equity Bank to support SMEs

At a Glance The African Development Bank Group has approved a $60 million trade finance facility for Equity Bank Kenya, stepping up support for small and medium-sized enterprises as access to credit remains strained across East Africa.  For many Kenyan businesses, especially import-dependent SMEs, higher global prices, currency swings and tighter lending conditions have made it harder to finance day-to-day…

Oluwatosin Alao Oluwatosin Alao